Clear Street Appoints Two New VPs of Engineering

Industry veterans from Proof Trading and Google to bolster efforts to build better infrastructure for capital markets

NEW YORK – May 3, 2022 – Clear Street, a fintech building better access to capital markets, today announced key additions to its Senior Leadership Team with the appointment of Prerak Sanghvi as Vice President of Engineering and the promotion of Emilio Schapira to Vice President of Engineering.‍

“Our team at Clear Street is on a mission to improve investors’ access to capital markets by building better infrastructure. It is an ambitious goal and to achieve it we need strong leaders to shape strategy, set priorities and guide our teams,” said Sachin Kumar, Co-Founder and Chief Technology Officer of Clear Street. “I am pleased to welcome Prerak and congratulate Emilio on his new role. Engineering is a critical function, and I am confident that these leaders will help us continue to deliver for our clients and push the boundaries of what we can create in the future.”

Prerak Sanghvi will be joining Clear Street in June, bringing vast experience in electronic trading, equities, trading systems, engineering, capital markets, market data and risk management. Most recently, Sanghvi served as CTO of Proof Trading. He previously served as Head of Venture Technology at IEX Group, Inc. and has held senior roles at RBC Capital Markets, Myrias LLC, and Bank of America Securities. In this new role as VP of Engineering, Sanghvi will oversee Clear Street’s Product, Securities Finance, Risk, Electronic Execution Services and Fact Data engineering teams.

Emilio Schapira is being promoted to VP of Engineering after serving as the company’s Engineering Lead for Clearing & Custody and Infrastructure since November 2021. In his new role, Schapira will oversee the Clearing, Data, Research & Analytics, Control, and Infrastructure engineering teams, as well as several other horizontal teams that are in incubation stages. Prior to Clear Street, Schapira served in lead engineering roles at Waze and the Google Cloud Platform.

Over the past 12 months, Clear Street has expanded its leadership team and nearly doubled its staff to support product development and meet client demand. The firm also recently announced the expansion of its North American footprint to include a new Dallas office to support Sales & Trading efforts.